Bachelor of Accounting Science
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Purpose
The purpose of the Accounting qualification is to:
- Allow learners to inject their competencies into the business world.
- Offer the highest professional and well-standardised curriculum that will ensure that learners compete and respond without fear of the needs of our economy.
- Create and develop learners who can generally practice as accounting officers of small to medium-sized entities.
- Empower learners with necessary and adequate related skills to improve their potential in financial situations.
Rationale
The rationale for the creation, development, and implementation of this qualification is to:
- Benefit the learners of Republic South Africa with a qualification that will give suitable theoretical background for those who wish to qualify as Chartered Accountants South Africa (CASA).
- Allow learners to further their studies to Postgraduate levels.
- Provide and offer the most suitable qualification that will allow learners to understand and respond to greater challenges facing financial and operational growth of our entities.
- Allow learners a recognized and well-deserved benefit of occupying significant positions of well-established branches of the economy.
- Offer a qualification that responds to a severe shortage of Black Accountants.
- Offer a qualification that will enable learners to create and manage self-employment opportunities and possibly inject their competencies into our growing economy.
- Entitle a learner to enter into a Postgraduate or Honors program.
- Alternatively, the qualification entitles the learner to enter the third year of the proposed fourth-year accounting structure in South Africa.
- After completion of this qualification, a learner will be able to enter into a learnership with a Professional Accounting body other than SAICA.
- Alternatively, the learner can enter into a learnership within the Chartered Accountant profession.
Outcomes
- Audit manual and computerised business cycles, including networks.
- Prepare, analyse and interpret complex financial statements for companies, applying Generally Accepted Accounting Practices (GAAP) and International Financial Reporting Standards (IFRS).
- Manage the financial aspects of business up to corporate level.
- Determine and apply various techniques whereby timeous and accurate information could be made available for decision-making and control.
- Prepare tax returns for individuals and the corporate bodies, and be able to supply sound tax-related advises.
- Apply communication principles to a variety of communication activities, contexts for resolving communication problems effectively.
- Plan, organise, lead and control business activities.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Understand the nature of auditing and the auditing profession.
- Demonstrate knowledge of the regulatory environment and the audit process.
- Identify risk indicators and discuss risk factors.
- Understand the difference of risks on the financial statements level and assertion level.
Associated Assessment Criteria for Exit Level Outcome 2:
- Collect and manipulate information to prepare financial statements.
- Analyse and critically evaluate financial information.
- Apply measurement and recognition requirements of elements of financial statements.
Associated Assessment Criteria for Exit Level Outcome 3:
- Identify and advise on suitable forms of financial management.
- Apply abilities to routine reporting involving cost determination, price setting, and inventory valuation.
- Explain and apply principles of the Companies Act and Corporate Governance Act.
- Select suitable techniques for investment evaluation.
Associated Assessment Criteria for Exit Level Outcome 4:
- Manage financial assets and evaluate treasury.
- Assess the value of an entity.
- Identify useful information for internal use and decision management.
- Derive optimal capital structure under different economic assumptions.
Associated Assessment Criteria for Exit Level Outcome 5:
- Analyse transactions for sound tax advice.
- Prepare financial statements and tax returns accordingly.
Associated Assessment Criteria for Exit Level Outcome 6:
- Process operating cost data against expected revenue.
- Communicate business decisions effectively in written or oral formats.
Associated Assessment Criteria for Exit Level Outcome 7:
- Apply principles of the Companies Act and Corporate Governance Act.
- Describe and contrast different corporate governance structures.
- Analyse corporate governance issues.
Integrated Assessment:
- Institutional policy requires specific assessments per year or semester.
- Formative assessments include written tests and assignments.
- Summative assessment is a three-hour exam at the end of the semester or year.
Learners can be assessed through:
- Writing tests.
- Assignments and projects.
- Tutorial activities.
- Group classwork.
- Large and small group presentations.
Purpose: To ensure sufficient understanding and grasp of the outcomes.
Qualification Details
- Type
- National First Degree(Min 480)
- NQF Level
- 08
- Min. Credits
- 480
- SAQA Source
- More Information
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This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.